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Home : Planning Your Finances : Financial Independence
Some Questions are Too Important Not to Ask
- Do your parents have an adequate retirement income?
- Will that income continue to be paid if one of them dies?
- Should they have a living will?
- Do they have a will at all?
- Would your parents be able to pay the medical expenses related to a long-term illness?
- Have they done any estate planning?
Tough questions. But the answers can significantly affect your family's financial and emotional well-being. The time to address these issues is now, not after the death or disability of a loved one. Plan now to be ready if your parents should ever turn to you in need of help.
There are three key areas to consider when talking to your parents:
A Transamerica representative can assist your family in designing strategies to achieve financial independence.
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